BREAKING NEWS

GSK pledges $30 billion U.S. investment in R&D and factories
Major life-sciences push tied to state visits GlaxoSmithKline said it will invest $30 billion in U.S. research, development and manufacturing

Bank Indonesia surprises markets with 25bp rate cut
Policy shift to spur demand Bank Indonesia cut its 7-day reverse repurchase rate by 25 basis points to 4.75%, surprising

Israeli forces open broad ground offensive in Gaza City
Ground assault begins in devastated urban areas Israel launched a broad ground offensive into Gaza City after weeks of heavy

Trump sues New York Times and Penguin Random House, seeks $15bn
Defamation claims target reporting and book Donald Trump filed a defamation suit against The New York Times and Penguin Random

India raids steel pipe makers in bid-rigging probe
Antitrust inspectors conduct searches India’s competition authorities carried out surprise raids at Jindal SAW and Maharashtra Seamless over alleged bid-rigging,

China enters UN innovation top-10, displacing Germany
New rankings signal shift China moved into the UN’s top-10 most innovative countries, replacing Germany, according to new data cited

EU delays 19th Russia sanctions package amid internal disputes
Decision pushed back EU officials said the bloc’s 19th sanctions round against Russia has been delayed. Diplomats cited disagreements over

Amazon sets September 30 hardware event under Devices chief Panos Panay
Annual showcase returns to New York Amazon confirmed its fall hardware event for September 30 in New York City. The

TikTok ‘framework’ deal emerges; Oracle seen in consortium to keep U.S. app running
Outline of a solution A U.S.–China framework to resolve the TikTok standoff has taken shape, with Oracle among firms positioned

China uses water cannon on Philippine vessels near Scarborough Shoal
Fresh confrontation in disputed waters China’s coast guard fired water cannon at Philippine ships near Scarborough Shoal, accusing Manila of